Economics

Introduction The Reserve Bank of India (RBI) and the government give the feeling that they are not in agreement even to the extent that an understanding of their...

The Great Economic Depression of the 1930s was a severe economic problem that had affected the whole world and the United States of America in particular and this can be regarded as...

Government e-Marketplace or GeM is an open platform and a one-stop shop where regular user goods and services can be purchased. It is a system driven e-marketplace. The GeM portal is a...

The World Bank has released its latest Doing Business Report (DBR) 2020. India ranks 63rd among 190 countries and had moved 14 places from the previous year (77th rank in 2018).  Based on...

How do we deal with Aspirational Poverty? Factors can smother Aspirations at the individual and cultural level: 1) Asymmetry in social structures. For eg: Gender, position, and network-based limitations can keep an individual from aspiring. 2) In...

India is one of the world’s fastest-growing major economies, but its exports of value-added products are relatively low. About 50% of the total exports are from commodities and low-value addition items, while...

The government of India has decided to scrap the National Statistical Office's (NSO's) Consumer Expenditure survey of 2017-18 over "data quality". The ministry is independently looking at the possibility...

A gig economy is a work environment where organizations have temporary workers or freelancers instead of full-time long haul representatives. Companies give temporary situations to workers and the latter reaches free, transient contracts with...

There are two measures of inflation in India namely the Consumer Price Index (CPI) and the Wholesale Price Index (WPI). The Consumer Price Index estimates the cost at the buyer level and...

This question has motivated generations of economists. It has to be noted that throughout history, some economies have grown faster than others. Have you ever wondered why?